Homes are selling faster than any month since February 2007

9:45 AM,
Mar. 25, 2013

Eight homes in the new View at Dobbs Ferry have already sold.

Written by

Julie Schmit
| USA TODAY

Homes sold faster last month than in any February since 2007 as eager buyers met a tight supply of homes for sale, industry figures show.

Homes were on the market for a median of 98 days last month, down from 123 days in February 2011, according to Realtor.com. That means half the homes listed for sale in February were on the market for less than 98 days and half for more than that.

Even 98 days is long for many markets. In Oakland, homes spent just 14 days on the market last month before they went under contract or were pulled off for other reasons, Realtor.com data show. In Sacramento -- just 21 days. ...